My Lords, these regulations make targeted amendments to the Procurement Regulations 2024 so that key parts of the Procurement Act 2023 operate effectively in practice. They strengthen transparency in a proportionate and deliverable way, and they make a small number of practical improvements to support the smooth operation of the new regime.
Public procurement is how the state translates policy into delivery. It is also where public trust can be won or lost. Transparency is, therefore, not optional. It is a necessary discipline that helps ensure value for money, strengthens accountability, and supports confidence among suppliers and the wider public. After all, this is about public money—taxpayers’ money.
The principal purpose of this instrument is to implement Section 70 of the Act. This requires quarterly publication of information about individual payments over £30,000 made under public contracts. These regulations specify the information that must be published and how it is to be published on the central digital platform so that the payment can be linked to the relevant contract and supplier record. This is designed to allow Parliament, the public, suppliers and contracting authorities to “follow the money” in a meaningful way, seeing what was bought, from whom and what was paid under the contract.
The instrument also closes an important gap by ensuring that suppliers awarded notifiable below-threshold contracts are registered on the central digital platform and have a unique supplier identifier. This is light-touch in practice but important in its effect. It improves traceability across the market, strengthens confidence that procurement data reflects real supplier identity, and supports better understanding of SME and voluntary sector participation.
The instrument also completes the move away from Contracts Finder, a legacy publication route whose functions are being consolidated into the central digital platform. This reduces duplication and confusion for suppliers and authorities, and supports a single, coherent source of procurement information—an important part of making transparency meaningful.
Taken together, these regulations are practical and focused. They implement contract-linked payment transparency, as Parliament intended; close a key data gap on supplier identity for below-threshold awards; and simplify publication by consolidating on to a single platform. For these reasons, I hope that your Lordships will support these regulations, and I beg to move.